Compared to those with higher incomes, low-income families are more likely to
a. be headed by a person between 35 and 55 years of age.
b. have both a husband and a wife in the labor force.
c. be single-parent families.
d. be headed by a college graduate.
C
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If the quantity demanded of a public good is greater than the quantity supplied,
a. an excess quantity demanded emerges, which could be eliminated (corrected) by the government decreasing taxes to allow people to buy more of the good b. it is proof that market failure exists c. it is proof that government failure exists d. an excess quantity demanded emerges, which could be eliminated (corrected) by the government increasing taxes to provide more of the good e. the market will create the supply to bring the market for the public good into equilibrium
The marginal cost curve of a firm measures
A) external costs. B) pollution costs. C) private costs. D) social costs.